CH7 1. Ovit, Inc. has preferred stock with a price of $18.81 and a dividend of S1.47 per year. What is its dividend yield? 2. Krell Industries has a share price of $21.39 today. If Krell is expected to pay a dividend of $1.01 this year and its stock price is expected to grow to $24.59 at the end of the year, what is Krell's dividend yield and equity cost of capital? 3. NoGrowth Corporation currently pays a dividend of S0.42 per quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the firm's equity cost of capital is 15.3%? 4. NoGrowth Corporation currently pays a dividend of $0.50 per quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the firm's equity cost of capital is 15.0%